BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Stock Price Up 4.7% – Still a Buy?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) shares traded up 4.7% during trading on Tuesday . The company traded as high as $12.39 and last traded at $12.36. 3,465,452 shares changed hands during trading, an increase of 77% from the average session volume of 1,962,185 shares. The stock had previously closed at $11.80.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Performance

The stock has a market cap of $9.67 billion, a PE ratio of 37.73 and a beta of -5.03. The business has a 50-day moving average of $17.05 and a 200 day moving average of $21.99.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.

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